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20121129
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CSPAN
Dec 3, 2012 5:00pm EST
republicans it takes, probably not that many. let that pass. that addresses the fiscal cliff and says to the american people we can take action on things we agree on. it's good for everybody, the economy, fiscal cliff and it would set a tone here in washington that we can get something done when we work together cooperatively. so we've been explicit, specific. we look forward to specificity from republicans. >> there are now countdown clocks -- [inaudible] those of us who have been lucky enough to study the legislative body we have an idea of how things go. there's more and more lawmakers who look at it and say it's december 15th. if you have an agreement and have the time necessary for it to be read, digest it, debated before christmas. the president shares that timeline. it's not december 1st. it's something of a practical matter much earlier than that. is that is that in any way create a sense of urgency? >> the sooner the better that we receive specificity from republicans about what it is they would do on revenues, for example, what it is they want on spending cuts, for example. we will be able to move forward and we look forward to doing that. in terms of the congressional club, i too e
CSPAN
Dec 6, 2012 5:00pm EST
. confidence matters. it especially matters in our economy. once we've resolved the cliff, we need long-term fiscal reduction so businesses can plan for the future. to get families and businesses certain we must agree the next few weeks on specific spending cuts and specific revenue increases that reduced the deficit to avoid the fiscal cliff. we should not put off hard decisions of gimmicks or with triggers. that's what got us here in the first place. it's time to bite the bullet and make the tough decisions and make them now. the first thing we should do is immediately and permanently extend a middle-class tax cut. this will provide needed certainty to america's families and businesses and markets. this decisive action will ensure that millions of american families don't see attacks like of more than $2000 starting next month. in year-end agreement must also have a long-term extension of the debt ceiling. america cannot afford another debilitating to school showdown. it has to be a package deal. then we need to enact a long-term and comprehensive deficit solution. most serious plans recomm
CSPAN
Dec 6, 2012 12:00pm EST
issues of dealing with the fiscal cliff and dealing with our debt situation and not have a debt ceiling hanging out there as a diversionary but dangerous issue. but for some reason, inexplicable, the minority leader, the republican leader, changed his mind. now, he said on the floor well, important measures deserve 60 votes, but when he brought it up earlier, he acted as if he was in favor of it, he was offering it. and now, of course, essaying no, he's going to object to his own resolution. i wish he would reconsider. again, playing -- using the debt ceiling as leverage, using the debt ceiling as a threat, using the debt ceiling as a way to achieve a different agenda is dangerous. it's playing with fire. and yet, with the opportunity to take that off the table, reassure the markets, the minority leader blinked. i don't know why. it's hard to figure out the strategy that he's employing, but we would hope on this side of the aisle -- and i think i speak for all of us -- that he would reconsider and perhaps early next week let us vote on his own resolution. i yield the floor. mr.
CSPAN
Nov 29, 2012 5:00pm EST
discussions, the fiscal cliff discussions is to make sure that we encourage economic growth and jobs and so we should use this as an opportunity to address the underlying problem as that are holding back our economy. an economy that's in tough shape today. unemployment is still stuck just below 8%. the projections c.b.o. have given us for next year, by the way, are continued anemic growth in the economy and, in fact, unemployment actually going up, not down. the economic case against just imposing higher taxes is really overwhelming. we all know if you tax something, people tend to do less of it. that's one reason why smoking is taxed, to push people to quit smoking. so i want to raise taxes on working, on saving and on investing. instead, we should encourage activities that -- we should encourage a policy that creates jobs, not discourages it through higher taxes. don't take it from me. there are others who have commented on this on both sides of the aisle. christina romer, president obama's chief economic advisor. has written in most circumstances a tax equals increase that equals about 1% of g.d.p. actually lowers g.d.p. by about 3%. harvard economist marty feldstein has written a 1 dollar increas
CSPAN
Dec 7, 2012 5:00pm EST
cliff. no partisan ideology is worth the cost to the nation. but just averting disaster and kicking the can on the tough structural decisions needed to place our economy on sound footing for the future is not enough. we are calling for a framework to build out over the last ten years to reduce the deficit and restructure the fiscal policy. succumb as eventually to bring the budget into balance they must raise more revenue and encourage growth we must include parameters defined and future levels of debt as a share of the gdp and a date by which the budget will balance. and it must include changes to the discretionary spending, entitlements as well as defense. the elected leader should launch and extradited process to enact the legislation that will construct this remark in 2013 and putting powerful, the appropriate defaults and enforcement mechanisms. without a recalibrating sustainable fiscal policy, the united states international standing will decline and its national security will be undermined. such an outcome would be bad for the united states and in our view bad for the world. as pete said, she and i are joined here today with three distinguished i
CSPAN
Dec 4, 2012 12:00pm EST
president's meeting earlier today. that was a good solid meeting discussing the fiscal cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates could go down next year as far as tax reform. you talked with fiscal rates need to go up. what he campaigned on was the 39.6 at the end of the year. is that the case? >> so, let me say this, the president has been absolutely clear, as have i, that rates have to go up on top earners, on millionaires and billionaires, those making over $250,000. the president made that clear all yearlong and clear in the post-election period being engaged in conversations with congress about how to deal with the fiscal cliff, and our long term deficit challenges. we have yet to see even an acknowledgement of republican leaders of the fact that there is no deal that does not include rates going up o
CSPAN
Dec 6, 2012 9:00am EST
cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks to go before a potentially devastating and entirely avoidable blow to the economy, the president proposed a plan that members of his own party won't even vote for. so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. what the president is really interested in, as we learned just yesterday, is getting as much taxpayer money as he can, first, by raising taxes on small business that he believes are making too much money and then on everybody else, not so he can lower the debt or the deficit but so he can spend to his heart's contefnlts for months the president has been saying all he wants is to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday he finally revealed that's not really his true intent. by demanding the power to raise the debt limit whenever he wants, by as much as he wants, he showed what he's really after is assuming unprecedented power to
CSPAN
Dec 7, 2012 9:00am EST
washington is so obsesses right now with the fiscal cliff, myself included, and what's happening with this budget showdown. yet the polling seems to indicate for most americans outside the beltway job creation and the state of the economy remains the main concern. go ahead, tom. what were you going to say? >> i think from a business perspective certainly the large corporations are sitting on lots of cash they are not investing right now because they want to ensure the future is going to bring not just the economic future but also the future of the tax policy and all the rest of that tied hand to hand so that is in some we keeping the economy back. we can reach some sort of a deal where we are not coming to blows every six months or a year on the tax policy for another six months. that's going to give a lot of confidence and i think create the kind of growth people say they want. i'm not so sure there is a bifurcation between what washington is focus on and what people say they want because i think all this ultimately is about jobs and economic growth. >> i did find one thing surprising and the intensity of it, and that is behind retirement programs, social security, medicare, behind the next seem to be job creation, deficit re
Search Results 0 to 7 of about 8